We both are old timers, count value for money, but never care if there is a job or not…! We do not even buy new homes, but look for old homes with bigger lots…etc.
People with young children needs to avoid commute, schools will have parent teacher every 3 months, day care pick up.etc one parent must remain near by school or stay at home.
Companies won’t keep them if they are telecommuting or not working at office. They are the first hit in lay off notice when firing or economy issue.
Compromise in home style (from SFH to TH) is better.
BTW: In the long run, double income is safer for financial independence faster than Single income. Once they reach Financial Independence, they can drop off one income.